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Home Equity Loans

Home Equity loans are secured by a second deed of trust; the amount you can borrow is based on the amount of equity you have in your home. We have two equity programs to choose from.

 

 

 

An adjustable rate credit line secured by your home that offers;

  • No points or annual fees,
  • Unique, Designed for Members ™ rate-change program, and
  • Possible tax savings. Consult your tax advisor regarding the deductibility of interest.

Loan TypeFinancingTerms*APR
Prime Equity Line of CreditUp to 80% loan to value, or $200,000 whichever is lessDraw period 10 years
Repayment period up to 15 years		As low as
6.75% *APR

APR = Annual Percentage Rate. Rates are based on your credit profile. Rates and terms are subject to change without notice.

For illustrative purposes, if you advance $100,000.00 from your Home Equity Line of Credit at a 7.00% APR and repay the balance over a 15-year (180-month) repayment period, your estimated monthly payment would be approximately $898.83.

This payment example assumes the full $100,000.00 is drawn at one time and repaid in equal monthly installments over the 180-month repayment period. Actual payments may vary based on your specific loan terms, outstanding balance, fees, changes to the interest rate, or changes to the repayment structure. This example is provided for disclosure purposes only and does not constitute a commitment to lend.

The 6.75% APR is as of September 17, 2026. Home Equity Line of Credit loans are variable-rate loans based on the Prime Rate (index) published in The Wall Street Journal, which was 7.00% as of September 17, 2026, plus or minus an applicable margin. The maximum APR that may apply to a Home Equity Line of Credit is 14.50%.

Costs include a $150 application fee and costs associated with Living Trusts. Bay Cities Credit Union pays the appraisal, title report, and recording costs.

The maximum loan amount is the lesser of $200,000 or 80% of the appraised value less the balance of the first mortgage.

The HELOC has a 10-year draw period followed by a 15-year repayment period.

California owner-occupied properties only. Property insurance is required. Bay Cities Credit Union membership is required.

The traditional fixed equity loan offers;

  • No points,
  • Choice of 7, 10 or 15 year terms,
  • A fixed rate throughout the life of your loan,
  • Possible tax savings. Consult your tax advisor regarding the deductibility of interest.
Loan TypeFinancingTerms*APR
Fixed Equity Home LoanUp to 80% loan to value, or $200,000 whichever is less5, 7, 10, or 15 years availableAs low as
6.00% *APR

 *APR = Annual Percentage Rate. Rates are based on your credit profile. Rates and Terms are subject to change without notice. Minimum loan amount $10,000. BCCU will cover standard loan closing costs only. Any fees beyond customary closing costs are the responsibility of the applicant.

There is a $150 processing fee.

For illustrative purposes, if you were to advance $100,000.00 from your Home Equity Line at a 7.00% APR and repay the balance over a 15-year (180-month) repayment period, your estimated monthly payment would be approximately $898.83.

This payment example assumes the full amount is drawn at one time and repaid in equal monthly installments over the 180-month term. Actual payments may vary based on your specific loan terms, outstanding balance, fees, or changes to your rate or repayment structure. This example is provided for disclosure purposes only and does not constitute a commitment to lend.